LIC Jeevan Shanti plan

LIC Jeevan Shanti plan is a deferred pension plan from LIC of India to be launched on 11th September 2018. LIC Jeevan Shanti Plan is a non-linked, non-participating, single premium annuity plan wherein the Policyholder has an option to choose an Immediate Annuity or Deferred Annuity. This plan shall be allowed to lives including third gender.

This product is the only one which answers every objection that can be raised about insurance as an investment.

In this plan there is no capital Risk as total investment is being returned at the end as per option availed.

Total Investment would be with LIC of India so there is no question of capital Returns Risk. No Inflation Risk as pension can be deferred for 1 to 20 years. This plan is available to all individuals as no medical is required for any investment. No Liquidity Risk as you can avail loan and opt for surrender also as per policy guidelines.

LIC of India is fully owned by Government of India so there is no question of Institutional Risk. Under this plan no need to worry about decreasing share market as this plan is not a ULIP. Pension is guaranteed and youngsters no need to worry about returns. No need to think of reinvestment as this plan would give best interest rates than market rates.

CLOSE RELATIVES AS JOINT LIFE ANNUITANTS [ MEANS : GRAND PARENTS / PARENTS / CHILDREN / GRAND CHILDREN OR SPOUSE OR SIBLINGS ]

Surrendered Value : The policy can be surrendered at any time after three months from the completion of policy.Surrendered shall be allowed under the following annuity options only: a. Immediate annuity- i) Option F: Immediate Annuity for life with return of Purchase Price. ii) Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor. b. Deferred annuity- i) Option 1: Deferred annuity for Single life ii) Option 2: Deferred annuity for Joint life